June Another Productive Month for Birmingham Housing Market

180258498Here at Ross Bridge, we’re so happy to report that the Birmingham metro area continues to impress real estate professionals, industry experts, and homebuyers!

June residential sales in the Birmingham metro area, home to our Ross Bridge community, made a 14% improvement over last year’s June sales.  The Alabama Center for Real Estate (ACRE), who reported the data, noted it’s a “very respectable showing” for this thriving area.

And, according to the Greater Alabama MLS, housing supply in June adjusted to just 5.9 months, much better than the 7.1 months measured in June 2013, and the almost 9-month average from 2009-2013.  ‘Months of housing supply’ is measured by dividing supply (homes listed) by demand (homes sold).  A sign of healthy market balance is when this number reaches equilibrium, which is considered a 6 months supply – so the Birmingham metro area is right on track!

Naturally, as buyers snap up the newest homes, demands continue to increase, making this is an opportune time for any homebuyer to start searching for the perfect new space.  In fact, nearly 10% of the homes sold this past June fell into the ‘newly built’ sector of the market.  This sizeable portion of the market has a substantial and positive impact on the industry, and we’re so thrilled to see the push it’s given the Birmingham metro area.

High demands aren’t just for new homes in this metro area, but also for the new homes here at Ross Bridge!  Built in three distinct neighborhoods, you won’t find stunning golf resort homes like these anywhere else. Timeless designs meet modern influences to create homes that families want to live in.

Not only are the homes bringing more families to Ross Bridge, but so are the many community amenities.  Parks, pools, and miles of walking trails – we have it all!  And to make this golf community even more notable, the Ross Bridge Golf Course is a stop on the world-famous Robert Trent Jones Golf Trail, giving residents the luxury of this incredible course just steps away.  Add the Marriott Renaissance Ross Bridge Golf Resort & Spa into the mix and you have a truly all-inclusive golf resort community. Ross Bridge is certainly every golf enthusiast’s dream!

Take a look at the new homes for sale at Ross Bridge and take advantage of the favorable market conditions.  You, too, could be living the golf lover’s dream!

Source: Alabama Center for Real Estate